If this is your first visit, be sure to
check out the FAQ by clicking the
link above. You may have to register
before you can post: click the register link above to proceed. To start viewing messages,
select the forum that you want to visit from the selection below.

NY ranked last in economic outlook study due to 'excessive' tax, spending policies

New York’s the pits — especially when it comes to economic development, according to a new study.

The Empire State ranked dead last when it comes to its economic outlook based on Albany’s tax policy.

The report, authored by economists Arthur Laffer, Jonathan Williams and Stephen Moore, gives New York state, along with New Jersey (45) and California (46), low marks because of excessive tax and spending policies that hurt businesses and individuals.

“We hate to keep picking on California, New Jersey and New York, but they continue to be models of how not to govern a state,” the report warned. “These three states,” the report continued, “impose tax rates at or near the highest in the nation and about twice the national average.”

New York placed 50th for its high personal and corporate tax rates, 12.62 percent and 15.99 percent, respectively.

The annual report, “Rich States, Poor States” by the American Legislative Exchange Council (ALEC), also takes aim at taxing big earners to close budget shortfalls.

“You cannot balance the budget on the backs of the 1 percent of the most productive citizens of a state. They will leave, and as the 2010 census points out, they are leaving,” the report says.

I am suggesting the possibility that GotNews.com might be a hoax or troll site making @#$% up. I based that comment on the PJMedia article I linked, whose description and quotes from the killer's FB...